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While mintage reports indicate 750 examples of the 1878 8TF Morgan dollar were struck, market availability suggests it may have been a much lower number. Survival estimates approximate perhaps 400 survivors, most grading PR60-64. There is a small handful of proofs grading PR65 or better, with a very rare few up to MS67. Cameos constitute perhaps half of the known survivors, with any deep cameos being extremely rare and worthy of strong premiums.
Obverse Description
Portrait of Liberty centered. On the left are found 7 stars with the words E*PLURIBUS*UNUM followed by 6 stars on the right. The date is positioned at the bottom.
Reverse Description
The heraldic eagle is centered holding a bunch of arrows and branch surrounded by and olive leaves. The words UNITED STATES OF AMERICA * ONE DOLLAR frame the periphery. Mint mark, if any, appears above the letters DO of DOLLAR.
Catalog Information
GSID:
7880
Designer:
George T. Morgan
Obverse Designer:
George T. Morgan
Obverse Lettering:
E PLURIBUS UNUM, LIBERTY, 1878
Reverse Designer:
George T. Morgan
Reverse Lettering:
UNITED STATES OF AMERICA, IN GOD WE TRUST, ONE DOLLAR
Fineness:
0.9
Weight (gr):
26.73 gr
Weight (oz):
0.8594 oz
Precious Metal Weight:
0.7734 oz
Strike Type:
Proof
Diameter:
38.1
Coin Shape:
Round
Edge:
Reeded
Coin Date:
1878 8TF
Denomination:
$1
Designation:
PR
Mint Location:
Philadelphia
Mintage:
500
Coinage Type:
Morgan silver dollar
Coinage Years:
1878-1921
Composition:
90% silver; 10% copper
PCGS #:
7311
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Coin Value History
1878 8TF $1 PR
Value By Grade
1878 8TF $1 PR
CPG (retail) values
Currency
Grade Range
Grading Authority
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Values
Greysheet & CPG® Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| PR67 |
|
$47,500 | $1,234 |
| PR67 | - | $39,500 | $1,234 |
| PR66 |
|
$1,234 | $1,234 |
| PR66 | - | $1,234 | $1,234 |
| PR65 |
|
$1,234 | $1,234 |
| PR65 | - | $1,234 | $1,234 |
| PR64 |
|
$1,234 | $1,234 |
| PR64 | - | $1,234 | $1,234 |
| PR63 |
|
$1,234 | $1,234 |
| PR63 | - | $1,234 | $1,234 |
| PR62 |
|
$1,234 | $1,234 |
| PR62 | - | $1,234 | $1,234 |
| PR61 |
|
$1,234 | $1,234 |
| PR61 | - | $1,234 | $1,234 |
| PR60 |
|
$1,234 | $1,234 |
| PR60 | - | $1,234 | $1,234 |
1878 8TF $1 PR63 NGC. VAM-14.3....
$5,880
1878 8TF $1 PR62 PCGS. VAM-14.3....
$3,960
1878 8TF $1 PR65 NGC. VAM-14.3,...
$9,900
1878 8TF $1 Doubled Bow, VAM-14.3, PR66 PCGS. CAC....
$18,000
1878 8TF $1 PR64 PCGS. VAM-14.8....
$6,000
1878 8TF $1 Spiked Eye, VAM-14.8, PR55 ANACS. ...
$1,440
1878 8TF $1 Doubled Bow, VAM-14.3 -- Tooled, Altered Surfaces -- ANACS. PR60 Details. ...
$1,800
1878 8TF $1 Spiked Eye, VAM-14.8, PR67 NGC. ...
$28,200
1878 8TF $1 PCGS Proof 61 (OGH)
$2,977
1878 8TF $1 PR63 PCGS. VAM-14.8....
$5,760
1878 8TF $1 PR62 NGC. VAM-14. ...
$4,320
1878 8TF $1 Doubled Bow, VAM-14.3, PR65 PCGS Secure. ...
$13,200
1878 8TF $1 PR66+ NGC. VAM-14.8. ...
$15,000
1878 8TF $1 PCGS Proof 64
$6,750
1878 8TF $1 --Damaged--ANACS. PR55 Details. VAM-14.8. Incorrectly labeled as "AU55 Details" by...
$2,185
1878 8TF $1 -- Spot Removed -- PCGS Genuine. Proof, Unc. Details. VAM-14.3. ...
$3,525
1878 8TF $1 PR61 PCGS Secure. VAM-14.8. ...
$1,840
1878 8TF $1 Doubled Bow, VAM-14.3, PR63 PCGS. ...
$3,840
1878 8TF $1 PR62 NGC. VAM-14.8, Doubled Eyelid. Due to the rarity of business strike dollars from this die pair, the VAM-14...
$4,680
1878 8TF $1 Doubled Bow, VAM-14.3, PR65 NGC. CAC. ...
$19,975
Morgan Dollar $1 1878-1921 PR [Type]
Worth: $900 – $150,000
1878 7TF $1 Reverse of 1878 PR
Worth: $3,150 – $70,000
1878 7TF $1 Reverse of 1879 PR
Worth: $22,000 – $144,000
1878 8TF $1 Presentation Piece, First Die Pair, VAM-9 SP
1878-S $1 Specimen Strike, VAM-58 SP
1878-S $1 Specimen Strike, Long Knock, VAM-60 SP
Worth: $220,000 – $264,000
1879 $1 PR
Worth: $1,100 – $12,000
1879-O $1 PR BM
Worth: $175,000 – $175,000
1880 $1 PR
Worth: $1,100 – $150,000
1881 $1 PR
Worth: $1,100 – $33,000
1881-O $1 PR BM
Worth: $660,000 – $660,000
1882 $1 PR
Worth: $1,100 – $30,000
1883 $1 PR
Worth: $1,100 – $32,000
1883-O $1 PR BM
Worth: $200,000 – $240,000
1884 $1 PR
Worth: $1,100 – $12,000
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